DeFi

Dogecoin and Ethereum Stall as Bitcoin Prepares to Retest Major Resistance

Published

9 months ago

24 July, 2024

Dogecoin and Ethereum Stall as Bitcoin Prepares to Retest Major Resistance

Dogecoin (DOGE) and Ethereum (ETH) struggle to maintain momentum

Dogecoin (DOGE) price has seen a significant decline, dropping 11% over the past week. According to top analysts, DOGE price is trading at a critical support level around $0.09. Dogecoin The Relative Strength Index (RSI) and Chaikin Money Flow (CMF) are showing some positive elements, but the overall market sentiment remains cautious.

This recent decline has raised questions about the stability and longevity of Dogecoin (DOGE) as a leading meme coin. Meanwhile, Ethereum’s daily chart reveals that after an extended downtrend, the cryptocurrency briefly fell below the 200-day moving average at $3,081. However, Ethereum (ETH) found strong support at the substantial $3,000 support zone, leading to a notable bullish rebound.

Ethereum (ETH) Price Ethereum (ETH) has broken above the 200-day moving average and continued to climb towards the 100-day moving average, indicating a potential bearish trap and false breakout. Ethereum (ETH) has reached the 100-day moving average at $3,142 and is on the verge of reclaiming it. Analysts are predicting a bullish recovery in the medium term, with the next target being the yearly high at $4,000.

ETFSwap (ETFS): DeFi Wonder Gains Ground in Stagnant Crypto Market

With the market as a whole being relatively stable, the ETFSwap (ETFS) The platform is generating interest in Bitcoin (BTC), Dogecoin (DOGE), and even Ethereum with its innovative solution for ETF trading and exceptional pre-sale performance. Just a few weeks after the start of its pre-sale, the platform has sold more than 380 million tokens, accumulated over the course of $3 million in revenueand has gained over 15,000 active users.

ETFSwap (ETFS) aims to become a key player in the next-generation ETF market by providing permissionless access to all major institutionally listed ETF assets, pushing the boundaries of Web3. The platform, built on the ERC20 standard, is meticulously designed to be user-friendly. It facilitates seamless conversion between ETFs and cryptocurrencies, providing a seamless interface for investors. ETFSwap (ETFS) ensures that smart crypto investors hold tokens backed by partnerships with regulated and MiCa-compliant investment banks,

The growing adoption of leveraged ETFs and commodity ETFs has contributed to the growth of ETFSwap (ETFS). Its cryptocurrencyETFS, offers access to a wide range of highly liquid real assets, including gold, oil, coal, and silver, providing a hedge against inflation. Additionally, the platform’s leveraged offerings include financial derivatives, which have made ETFSwap (ETFS) a top choice among Bitcoin (BTC), Ethereum, and Dogecoin (DOGE) holders.

In less than 30 days, ETFSwap (ETFS) will launch its beta platform, featuring an AI-powered ETF screening and tracking tool. These tools provide investors with accurate and comprehensive data analysis, enabling them to make informed and timely trading decisions. Additionally, ETFSwap (ETFS) recently passed KYC verification by Strong and durablea reputable smart contract security audit company, further enhancing the credibility and security of the platform.

Bitcoin (BTC): Analyst Predicts Potential Price Retest

Bitcoin ETF inflows have been robust, with $422 million entering on July 16, the highest level in over a month. Additionally, Bitcoin (BTC) whale wallets have accumulated 1.45 million Bitcoin (BTC) tokens in 2024, bringing the total to 1.8 million Bitcoin (BTC) tokens. Due to these developments, market sentiment is mixed, with analysts predicting potential outcomes for Bitcoin (BTC).

Altcoin Sherpa, for example, broad outlines Three possible scenarios for Bitcoin (BTC): a drop to $63,000 or $60,000 followed by a rebound, a longer decline to $60,000, or a breakout to $70,000. Rekt Capital, on the other hand, emphasizes support and retest levels, predicting a potential return of Bitcoin (BTC) to the $65,000 to $71,500 range.

Conclusion

ETFSwap (ETFS) has emerged as a potential alternative to the decline of Bitcoin, Dogecoin and Ethereum, promising up to 40,000% profit. Take advantage of what analysts have dubbed the most profitable investment of the century. Buy ETFS token at the affordable price of $0.01831or even cheaper with the discount code “ETFS20”, before the token price increases.

For more information on the ETFS pre-sale:

Visit the ETFSwap Presale

Join the ETFSwap community

*This article was written by a professional. Cryptonomist did not write the article or test the platform.

Fuente

DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

9 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

No spam, no lies, only insights. You can unsubscribe at any time.

Fuente

DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

9 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

Don’t miss a thing – Subscribe to receive email alerts directly to your inbox

Check Price action

follow us on X, Facebook And Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/ktsdesign